Ericsson : Visibility on the pace of the recovery remains limited
>Underperform rating maintained, target price lowered to SEK 51 vs SEK 52 (-2%) - In the approach to the Q2 2024 publication on 12 July, we have lowered our forecasts for 2024-2025 EPS by an average of 2%. The prospect of a recovery remains uncertain for the time being. The group still anticipates a more or less stable market in H2 2024 vs H2 2023, even though this half-year period should be better for Ericsson thanks to the positive impact of the O-RAN contract with ...Ericsson provides communications technology and services. Co.'s services, software and infrastructure – especially in mobility, broadband and the cloud – enable the telecom industry and other sectors to do business, increase efficiency, improve the user experience and capture new opportunities. Co. has more than 110,000 professionals and customers in more than 180 countries. Co. provides support for networks with more than 2.5 billion subscribers. Co.'s core business areas are called Radio, Core and Transmission and Telecom Services. Co. divides its operations into three business segments: Networks, Global Services and Support Solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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